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CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended
--- | ---
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2014
Income Statement [Abstract] |  |  |
Sales | $ 2,098,436 | $ 2,647,195 | $ 2,837,190
Cost of goods sold | 1,482,369 | 1,841,202 | 1,940,187
Gross profit | 616,067 | 805,993 | 897,003
Operating expense | 494,975 | 554,895 | 589,768
Restructuring and asset impairment charges (Notes 2 and 15) | 143,810 | 582,235 | 17,608
Loss on divestiture (Note 4) | 131,463 | 0 | 0
Amortization of Intangible Assets | 20,762 | 26,686 | 26,195
Operating (loss) income | (174,943) | (357,823) | 263,432
Interest expense | 27,752 | 31,466 | 32,451
Other (income) expense, net | (4,124) | (1,674) | 2,172
(Loss) income before income taxes | (198,571) | (387,615) | 228,809
Provision (benefit) for income taxes | 25,313 | (16,654) | 66,611
Net (loss) income | (223,884) | (370,961) | 162,198
Less: Net income attributable to noncontrolling interests | 2,084 | 2,935 | 3,832
Net (loss) income attributable to Kennametal | $ (225,968) | $ (373,896) | $ 158,366
PER SHARE DATA ATTRIBUTABLE TO KENNAMETAL SHAREHOLDERS |  |  |
Basic (loss) earnings per share | $ (2.83) | $ (4.71) | $ 2.01
Diluted (loss) earnings per share | (2.83) | (4.71) | 1.99
Dividends per share | $ 0.80 | $ 0.72 | $ 0.72
Basic weighted average shares outstanding | 79,835 | 79,342 | 78,678
Diluted weighted average shares outstanding | 79,835 | 79,342 | 79,667

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